Browsing: IRS

On Jan. 9, 2025, congressman Earl Carter proposed a bill replacing the US tax code with a national consumption tax…

The IRS’ new rules could have been “disastrous” for crypto taxpayers during the bull market, a crypto tax executive said.

An analyst predicts that Ether may outperform Bitcoin in January 2025, IRS introduces new DeFi rules, and more: Hodlers Digest

The United States Treasury Department and the Internal Revenue Service (IRS) received more than 44,000 comments after proposing the rule.

The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.

The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets.

The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for…

Uniswap chief legal officer said the IRS DeFi broker rule “absolutely should be challenged,” while a Consensys lawyer argued that…

The US tax agency denied arguments from a second lawsuit brought by Joshua and Jessica Jarrett over staking rewards.

The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and…